Prime Commercial Opportunity in Wellington’s Retail Core
Web Ref.
SIC969
Land size
2934.00 m²
Floor size
1325.00 m²
Fully-Tenanted CBD Retail Investment
Malan & Smit Arcade is a landmark retail investment in the heart of Wellington’s CBD — a fully-tenanted, income-generating arcade anchored by national retailers and positioned along a high-footfall pedestrian corridor between Church and Bain Streets.
This established commercial asset comprises 11 shops with a strong tenant mix including PEP and Good Price, delivering ±R1.18 million net operating income per annum (ex VAT) and offering exceptional tenant retention. With ±1,325 m² GLA, 22 parking bays, and a strategic location in a tightly held retail node, this property combines heritage appeal with modern commercial potential.
Investment Highlights
• Fully-let retail arcade with national anchors
• Prime CBD location with consistent pedestrian traffic
• ±R155,000 gross monthly income incl. VAT
• ±1,325 m² GLA ±2,934 m² erf 22 parking bays
• Historically low vacancy and strong rental performance
• Flexible floor configurations with value-add potential
• Positioned for long-term growth in a rejuvenating Winelands town
Financial Snapshot
• Net Operating Income: ±R1.18 million p.a. (ex VAT)
• Yield Range: 6.3% – 7.9% depending on purchase price
• Finance-ready with 5-year ROI growth plan available
Why This Property Works
• National tenants = zero vacancy risk
• CBD location = high demand and tight supply
• Inflation-linked escalations = growing returns
• Repositioning potential = future yield uplift
• Ideal for passive investors seeking stable income and capital growth
Malan & Smit Arcade is a landmark retail investment in the heart of Wellington’s CBD — a fully-tenanted, income-generating arcade anchored by national retailers and positioned along a high-footfall pedestrian corridor between Church and Bain Streets.
This established commercial asset comprises 11 shops with a strong tenant mix including PEP and Good Price, delivering ±R1.18 million net operating income per annum (ex VAT) and offering exceptional tenant retention. With ±1,325 m² GLA, 22 parking bays, and a strategic location in a tightly held retail node, this property combines heritage appeal with modern commercial potential.
Investment Highlights
• Fully-let retail arcade with national anchors
• Prime CBD location with consistent pedestrian traffic
• ±R155,000 gross monthly income incl. VAT
• ±1,325 m² GLA ±2,934 m² erf 22 parking bays
• Historically low vacancy and strong rental performance
• Flexible floor configurations with value-add potential
• Positioned for long-term growth in a rejuvenating Winelands town
Financial Snapshot
• Net Operating Income: ±R1.18 million p.a. (ex VAT)
• Yield Range: 6.3% – 7.9% depending on purchase price
• Finance-ready with 5-year ROI growth plan available
Why This Property Works
• National tenants = zero vacancy risk
• CBD location = high demand and tight supply
• Inflation-linked escalations = growing returns
• Repositioning potential = future yield uplift
• Ideal for passive investors seeking stable income and capital growth
Features
Zoning
Sizes
Listing Info
Wellington Central, Wellington
- Street map
- Street view
Disclaimer
While every effort will be made to ensure that the information contained within the Lew Geffen Sotheby's International Realty website is accurate and up to date, Lew Geffen Sotheby's International Realty makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
